Goldman Sachs Group assumed coverage on shares of VF (NYSE:VFC) in a report published on Monday, MarketBeat reports. The brokerage issued a buy rating and a $96.00 price target on the textile maker’s stock.
A number of other equities analysts have also recently weighed in on the company. UBS Group assumed coverage on VF in a report on Thursday, June 21st. They issued a neutral rating and a $89.00 price target for the company. Argus assumed coverage on VF in a report on Monday, May 21st. They issued a buy rating and a $101.00 price target for the company. Canaccord Genuity set a $91.00 price target on VF and gave the stock a buy rating in a report on Tuesday, May 8th. Buckingham Research upped their price target on VF to $77.00 and gave the stock a neutral rating in a report on Tuesday, May 8th. Finally, TheStreet raised VF from a c+ rating to a b+ rating in a report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $81.23.
Get VF alerts:NYSE VFC opened at $81.18 on Monday. The stock has a market capitalization of $32.22 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. VF has a twelve month low of $55.51 and a twelve month high of $85.15. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 0.60.
VF (NYSE:VFC) last released its quarterly earnings results on Friday, May 4th. The textile maker reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.91 billion. VF had a return on equity of 34.05% and a net margin of 5.24%. VF’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. equities research analysts expect that VF will post 3.53 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Friday, June 8th were issued a $0.46 dividend. The ex-dividend date was Thursday, June 7th. This represents a $1.84 annualized dividend and a dividend yield of 2.27%. VF’s dividend payout ratio is presently 61.74%.
In related news, Chairman Steven E. Rendle sold 74,180 shares of the stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $80.12, for a total value of $5,943,301.60. Following the completion of the sale, the chairman now owns 257,070 shares of the company’s stock, valued at $20,596,448.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kevin Bailey sold 15,000 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $77.42, for a total value of $1,161,300.00. Following the completion of the sale, the vice president now directly owns 54,571 shares of the company’s stock, valued at approximately $4,224,886.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,900 shares of company stock valued at $17,948,688. Insiders own 1.72% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of VF by 3.2% in the first quarter. BlackRock Inc. now owns 22,590,912 shares of the textile maker’s stock valued at $1,674,438,000 after purchasing an additional 699,045 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of VF by 1.6% in the first quarter. Wells Fargo & Company MN now owns 9,138,244 shares of the textile maker’s stock valued at $677,327,000 after purchasing an additional 143,454 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of VF by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 3,817,062 shares of the textile maker’s stock valued at $281,921,000 after purchasing an additional 172,234 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of VF by 23.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,153,080 shares of the textile maker’s stock valued at $159,587,000 after purchasing an additional 408,132 shares during the last quarter. Finally, King Luther Capital Management Corp increased its holdings in shares of VF by 18.2% in the first quarter. King Luther Capital Management Corp now owns 1,648,360 shares of the textile maker’s stock valued at $122,176,000 after purchasing an additional 254,150 shares during the last quarter.
About VF
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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